Copper prices rose in early Asian trading. The three-month copper contract on the London Metal Exchange rose 0.2% to $13,831.00 per tonne. ANZ research analysts said in a review that signs of tight supply are providing support. They pointed out that the premium of Chinese copper over local supply has risen to 100 US dollars per ton, up from the low of 20 US dollars per ton at the end of January. They said the strong storm in Chile has also heightened concerns about supply disruptions, which could disrupt copper production.

Copper prices rose in early Asian trading. The three-month copper contract on the London Metal Exchange rose 0.2% to $13,831.00 per tonne. ANZ research analysts said in a review that signs of tight supply are providing support. They pointed out that the premium of Chinese copper over local supply has risen to 100 US dollars per ton, up from the low of 20 US dollars per ton at the end of January. They said the strong storm in Chile has also heightened concerns about supply disruptions, which could disrupt copper production.